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January 04, 2017 | Posted in:

Should You Consider the Cloud?

Have you outgrown outdated? Today’s technological advances presents a prime opportunity to review your company’s performance and processes and see if there are improvements to be made that could increase efficiency or profitability.

Cloud Checklist 

If you’re still paper-based, consider the following checklist:

  • Are you on-the-go more often than sitting at a set workspace?
  • Is it a priority to monitor your cash flow balance at a moment’s notice?
  • Come tax time, are you overwhelmed with gathering data, receipts, and paperwork?
  • Are you a QuickBooks 2013 user?
  • Do you feel limited by your current accounting software? Do you wish you could sync your bank, credit, and/or merchant accounts?
  • Would you prefer real-time reports instead of after-the-fact data?
  • Could your business benefit from getting paid by customers two to three times faster?
  • Is one of your main frustrations that you just don’t have enough time?

If you said “yes” to most of these questions, contact your Alloy Silverstein CPA to find out more about our cloud accounting and business process outsourcing solutions.

The Benefits of Cloud Accounting

“Better, faster, stronger” may be the words to a pop song, but they also apply to today’s technology that elevates your accounting and bookkeeping software to an online platform. Before you install a program that will only lead to more annual updates or additional licenses, know that an online provider, such as Xero, is accessible anytime, anywhere from any device. That means you are no longer tied to a single computer to make your accounting entries. After all, in today’s society, how often are you in front of that one computer? If you are anything like me, you are in front of a smartphone, a tablet, a laptop, and working remotely more and more frequently. Your financial information should be securely accessible right there with you, and Xero makes that the better possibility.

In addition to the convenience and flexibility of being able to log in multiple places, cloud accounting providers operate and safely store your data in real-time, so you do not have to worry about timely and complicated backups, software upgrades, or server failures. Your data and productivity are also protected in the event of theft or natural disasters since, when cloud-based, your information is not confined to a physical hard drive. Simply log in to any internet connected device and you are back to running your business as fast as before.

Xero also allows you to work smarter and have a stronger business. The software’s dashboard clearly illustrates your cash flow, business performance, and projections in clear, attractive charts to give you a front row seat to the bigger picture. By not being locked to one computer, multi-user access lets you work together with your colleagues, accountant, and business advisor in real-time.  So if you have the option to enhance your business operations to be better, work at a faster speed, and have a stronger, smarter understanding of how your business is doing, what are you waiting for?  Contact us at our office today to switch to Xero.

Author:

Managing Shareholder
Ren primarily provides advisory and accounting solutions to law firms, real estate developers and operators, computer consulting businesses, health care professionals, manufacturing companies, retail and wholesale organizations, professional athletes, and business principals.
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JB Financial Associates is now Alloy Silverstein.
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